UK Oil & Gas (LON:UKOG) Stock Price Crosses Below 200 Day Moving Average – Should You Sell?

UK Oil & Gas PLC (LON:UKOG)’s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 0.01 and traded as low as GBX 0.01. UK Oil & Gas shares last traded at GBX 0.01, with a volume of 21,975,447 shares trading hands.

UK Oil & Gas Stock Performance

The company’s 50-day simple moving average is GBX 0.01 and its 200 day simple moving average is GBX 0.01. The stock has a market cap of £2.61 million, a P/E ratio of -0.22 and a beta of 1.42. The company has a current ratio of 0.61, a quick ratio of 0.79 and a debt-to-equity ratio of 959.28.

UK Oil & Gas (LON:UKOG) last released its earnings results on Tuesday, May 5th. The company reported GBX (0.04) earnings per share (EPS) for the quarter. The business had revenue of GBX 43 million during the quarter. UK Oil & Gas had a negative net margin of 1,720.75% and a positive return on equity of 283.85%.

UK Oil & Gas Company Profile

UK Oil & Gas PLC operates as an oil and gas exploration and production company. It holds interest in the Loxley, Horse Hill, Horndean, Avington, Broadford Bridge, and Portland gas storage fields in the United Kingdom; and Basur-Resan field in Turkey. The company was incorporated in 2004 and is based in London, the United Kingdom.